Under the new agreement, the companies — Pfizer, based in New York, and Cipla, based in Mumbai — have promised to charge rock-bottom prices for 16 common chemotherapy drugs. The deal, initially offered to a half-dozen countries, is expected to bring lifesaving treatment to tens of thousands who would otherwise die.
Pfizer said its prices would be just above its own manufacturing costs. Cipla said it would sell some pills for 50 cents and some infusions for $10, a fraction of what they cost in wealthy countries.
The price-cut agreement comes with a bonus: Top American oncologists will simplify complex cancer-treatment guidelines for underequipped African hospitals, and a corps of IBM programmers will build those guidelines into an online tool available to any oncologist with an internet connection.
“Reading this gave me goose bumps,” said Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, after seeing an outline of the deal. “I think this is a phenomenal idea, and I think it has a good chance of working,”
